Friday, February 15, 2008

Gore warns on 'subprime carbon' industry

Gore Warns Major Investors at UN Forum That 'Subprime Carbon Assets' Will Prove Costly

JOHN HEILPRIN, AP News
Feb 14, 2008 18:52 EST

Al Gore advised Wall Street leaders and institutional investors Thursday to ditch businesses too reliant on carbon-intensive energy — or prepare for huge losses down the road.

"You need to really scrub your investment portfolios, because I guarantee you — as my longtime good redneck friends in Tennessee say, I guarandamntee you — that if you really take a fine-tooth comb and go through your portfolios, many of you are going to find them chock-full of subprime carbon assets," the former vice president said.

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